Legislation (HR 4004) approving the first phase of the US-Taiwan Initiative on 21st Century Trade is on its way to the President’s desk after being passed by the Senate.
The US-Taiwan deal is not a traditional free trade agreement and the Administration does not believe it requires Congressional approval.
But both chamber of Congress approved the legislation in order to assert Congressional authority over trade and set transparency and consultation requirement for any further agreements negotiated under the initiative.
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